15.00 Amsterdam
S&P future trading around 993, close to the low of the day. Is this the long awaited reversal or, just a little correction.?
(main chart is the daily chart, lowerleft corner is the weekly chart)
Well, too early to say. One thing for sure, 20 day moving average is broken with volume. Next target 50 day MA, 970-976. (blue line)This is also the marabuzo line of the big down candle in OCtober 08, in the weekly chart.If that gives way , 875 is the 200 day MA support.(orange line)
920-950 range defines the trend support for the bull run since March.
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